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Type : Subjective

Question Statement :

Jalela and Dalela have to clear their respective loans by paying 3 equal annual installments. Both of them borrowed a sum of Rs. 30000. Jalela borrowed the amount at 10% per annum simple interest while Dalela borrowed the amount at 10% per annum compound interest. What is the difference in their respective installments?

Enter your answer as a decimal number up to two digits after the decimal. For example, if your answer is 299.575, type in 299.58